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Stock futures dropped on Monday as the selling pressures that dragged Wall Street last week persisted, while investors braced for a slew of economic data reports this week.
Futures for the Dow Jones Industrials moved downward 513 points, or 1.2%, to 42,325.
Futures for the S&P 500 index were off 85 points, or 1.5%, to 5,691
Futures for the tech-heavy NASDAQ tumbled 358 points, or 1.8%, to 19.871.75.
The struggles came as the market was whipsawed by developments out of Washington, D.C., with negotiations on tariffs between the U.S., Mexico and Canada playing out throughout the week. In an interview that aired Sunday, President Donald Trump responded to a question on Fox News about the possibility of a recession by saying the economy was going through “a period of transition.”
On the inflation front, the February consumer price index release is slated for Wednesday, followed by the producer price index on Thursday.
In Japan, the Nikkei 225 eked up 0.4%, while in Hong Kong, the Hang Seng fell 1.9%.
Oil prices grabbed to $67.49 U.S. a barrel.
Gold prices slid one dollar to $2,913.10 U.S. an ounce.
